Welfare Measurement in Single and Multimarket Models: Theory and Application

Runar Brännlund and Bengt Kriström

American Journal of Agricultural Economics, 1996, vol. 78, issue 1, 157-165

Abstract: In this paper we provide an analysis of tax reforms along the lines of the multimarket welfare measurement techniques suggested by Just, Hueth, and Schmitz. A key purpose of our analysis is to shed light on the approximating features of partial equilibrium models. We derive a result on the difference between single and multimarket welfare measurement, showing how the difference boils down to a set of key parameters. We use our approach to analyze a proposal put forward by the Swedish Commission of Environmental Charges regarding chlorine emissions from the Swedish pulp and paper industry. Copyright 1996, Oxford University Press.

Date: 1996
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Persistent link: https://EconPapers.repec.org/RePEc:oup:ajagec:v:78:y:1996:i:1:p:157-165

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